Dana (NYSE:DAN) issued its earnings results on Friday. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05, MarketWatch Earnings reports. Dana had a net margin of 2.79% and a return on equity of 34.30%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned $0.62 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Dana updated its FY 2019 guidance to $2.95-3.45 EPS and its FY19 guidance to $2.95-3.45 EPS.
NYSE:DAN opened at $19.11 on Friday. Dana has a fifty-two week low of $12.65 and a fifty-two week high of $28.61. The stock has a market capitalization of $2.76 billion, a PE ratio of 7.58, a PEG ratio of 1.86 and a beta of 1.90. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, February 28th. Dana’s dividend payout ratio is currently 15.87%.
Several large investors have recently added to or reduced their stakes in DAN. Frontier Capital Management Co. LLC boosted its holdings in shares of Dana by 117.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock valued at $38,361,000 after buying an additional 1,520,977 shares in the last quarter. First Pacific Advisors LP purchased a new position in shares of Dana in the 3rd quarter valued at approximately $19,414,000. Precision Path Capital LP raised its position in shares of Dana by 270.3% in the 4th quarter. Precision Path Capital LP now owns 1,370,000 shares of the auto parts company’s stock valued at $18,673,000 after purchasing an additional 1,000,000 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Dana by 150.9% in the 4th quarter. Two Sigma Investments LP now owns 1,384,880 shares of the auto parts company’s stock valued at $18,876,000 after purchasing an additional 832,815 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Dana in the 3rd quarter valued at approximately $13,826,000. Institutional investors and hedge funds own 95.24% of the company’s stock.
Several brokerages have issued reports on DAN. Zacks Investment Research cut shares of Dana from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a report on Monday, October 29th. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 target price on shares of Dana in a report on Monday, October 29th. KeyCorp began coverage on shares of Dana in a report on Monday, December 10th. They set an “overweight” rating and a $18.00 target price on the stock. Finally, Stephens reiterated a “hold” rating and set a $16.00 target price on shares of Dana in a report on Sunday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.91.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
Featured Article: What is the Stochastic Momentum Index (SMI)?
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.